The story so far: On July 5, apex banking regulator Reserve Bank of India floated a draft circular seeking comments from stakeholders about mandating that card issuers provide their customers with the choice of multiple card networks. The regulator has also proposed that cards be issued across more than one network, with issuers not enteringinto any arrangement or agreement with …
Credit card devaluation is a phenomenon that occurs when the value and benefits offered by a credit card decrease over time. It happens when credit card issuers implement changes to the card's terms, rewards program, or fees, ultimately resulting in reduced value for cardholders. As a result of credit card devaluation, cardholders may find it harder to maximise the value …
